Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the PRICE SCHEDULE template, which includes the following columns: 1. Name/ Number of the Group 2. Reserve license fee for group (in figures) (in Rs. Crores) 3. Quoted license fee (In Figures) To be entered by the Bidder (in Rs. Crores) 4. Quoted License Fees (in Words) in Rs Crores The formulas or specific values required for the bid are: - The quoted license fee should be in Indian Rupees. - Any conditional bid will be rejected. - If there is a discrepancy between words and figures, the amount in words will prevail. - If there is no bid quoted or the bid is less than the reserve price of the group, the bid shall be declared as disqualified. Additionally, the following formulas are provided: - EMD = 3% of reserve price for one group - EMD for each additional group = 3% of EMD for that group - Additional security = 10% of (discovered license fee/bid - reserve price) - Security = 15% of discovered license fee for a group The payment schedule for security is also specified.